Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h −0.034%

Price spread now: KuCoin against Arcus+0.070%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$1000.999% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.070%, 7d avg −0.005%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.076% dearer against Arcus than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus META-USD	739.55	0.0040	pay 0.0005% / 1h	40m 37s	$110K	$330K	10x
Short	KuCoin METAUSDTM	740.07	0.0100	get 0.0100% / 8h	6h 40m	$1.6M	$469K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee KuCoinbpOrdersPrice spread, now +0.070%Rate

Funding earned: $12.54
Price spread: +0.070% → −0.005%: $7.55
Slippage, 4 orders: −$83.42
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$79.83
Costs to cover: 0.999%
Break-even: 51.6 days

Slippage from Arcus: live order book, 28 min ago; KuCoin: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 28 min ago	2.84 bp	6.5 bp −$7	7.2 bp −$72	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	2.97 bp	46.6 bp −$47	doesn't fit	doesn't fit	doesn't fit

META on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado META-PERP	−0.0146%	1h	739.78	+0.031%	$478K	$547K	20x	as long as short
BloFin META-USDT	−0.0120%	8h	739.99	+0.059%	$327K	$1.1M	20x	as long as short
Deribit META_USDC-PERPETUAL	−0.0115%	1h	739.37	−0.024%	$31K	$244K	10x	as long as short
Aster METAUSDT	0.0000%	8h	740.67	+0.151%	$466K	$549K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	739.68	+0.018%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	739.81	+0.035%	$27.3M	$179.3M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	739.92	+0.050%	$7.5M	$13.8M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	739.71	+0.022%	$5.9M	$13.2M	20x	as long as short
Gate META_USDT	0.0000%	8h	739.58	+0.004%	$351K	$5.6M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	739.85	+0.041%	$5.5M	$11.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni META	0.0000%	8h	739.73	+0.024%	$2.3M	$3.1M	—	as long as short
GRVT META_USDT_Perp	0.0000%	8h	740.13	+0.079%	$12K	$444K	10x	as long as short
SunX META-USDT	0.0000%	8h	739.97	+0.057%	$865	$9.2M	20x	as long as short
HTX META-USDT	0.0000%	8h	739.51	−0.005%	$105K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	740.05	+0.068%	$2.0M	$8K	10x	as long as short
QFEX META-USD	+0.0025%	1h	739.91	+0.049%	$2.2M	$14.0M	10x	as long as short
Lighter RH META	+0.0032%	1h	740.05	+0.068%	$750K	$3.0M	20x	as long as short
Arcus META-USDlong	+0.0040%	1h	739.55	long leg	$110K	$330K	10x
Vest META-USD-PERP	+0.0046%	1h	740.34	+0.107%	—	$11K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	739.83	+0.038%	$176K	$197K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	739.78	+0.031%	$557K	$855K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	739.84	+0.039%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	739.24	−0.042%	$697K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0056%	8h	739.82	+0.036%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0069%	1h	740.46	+0.124%	$49K	$80K	10x	as long as short
KuCoin METAUSDTMshort	+0.0100%	8h	740.07	+0.070%	$1.6M	$469K	20x
ApeX Omni METAUSDT	+0.0100%	1h	739.34	−0.028%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	739.82	+0.037%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	739.66	+0.015%	$266	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	739.45	−0.014%	$609K	$7.2M	10x	as long as short
Lighter META	+0.0112%	1h	740.01	+0.062%	$855K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0112%	1h	739.99	+0.059%	$33K	$105	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	739.58	+0.004%	$170K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0252%	1h	739.99	+0.059%	$68.3M	$120.5M	20x	as long as short
Phoenix META	+0.0313%	1h	740.70	+0.155%	$381K	$1.1M	20x	as long as short
edgeX METAUSDC	+0.0992%	4h	740.02	+0.064%	$62K	$334K	10x	as long as short